Aviva Targets More Dewey Execs Over $35M Note Fraud

Law360, San Diego (April 10, 2015, 9:58 PM EDT) -- Insurer Aviva Life and Annuity Co. set its sights on yet another group of former Dewey & LeBouef LLP executives on Friday, filing its third suit in Iowa federal court claiming it was misled about the firm's finances when it bought $35 million in secured notes.

Aviva has leveled similar allegations against Dewey's top leaders before, including the three currently awaiting trial against New York County District Attorney Cyrus R. Vance Jr.'s claims they misled lenders, other lawyers and investors about the firm's financial health before it spiraled into bankruptcy. Its first two suits have been stayed pending the outcome of...

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